Enbridge (Enbridge) Days Payable : 60.74 (As of Dec. 2023)

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What is Enbridge Days Payable?

Enbridge's average Accounts Payable for the three months ended in Dec. 2023 was $3,252 Mil. Enbridge's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,885 Mil. Hence, Enbridge's Days Payable for the three months ended in Dec. 2023 was 60.74.

The historical rank and industry rank for Enbridge's Days Payable or its related term are showing as below:

ENB' s Days Payable Range Over the Past 10 Years
Min: 4.94 Med: 50.62 Max: 74.54
Current: 64.33

During the past 13 years, Enbridge's highest Days Payable was 74.54. The lowest was 4.94. And the median was 50.62.

ENB's Days Payable is ranked better than
53.06% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs ENB: 64.33

Enbridge's Days Payable declined from Dec. 2022 (81.07) to Dec. 2023 (60.74). It may suggest that Enbridge accelerated paying its suppliers.

Enbridge Days Payable Historical Data

The historical data trend for Enbridge's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Enbridge Days Payable Chart

Enbridge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.33

59.52

45.28

54.97

73.99

Enbridge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															81.07	64.75	58.28	62.45	60.74

Competitive Comparison of Enbridge's Days Payable

For the Oil & Gas Midstream subindustry, Enbridge's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Enbridge's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Enbridge's Days Payable distribution charts can be found below:

* The bar in red indicates where Enbridge's Days Payable falls into.

Enbridge Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Enbridge's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4620.537	+	3230.471)	/	2 )	/	19364.192	*	365
=	3925.504					/	19364.192	*	365
=	73.99

Enbridge's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3273.224	+	3230.471)	/	2 )	/	4885.212	*	365 / 4
=	3251.8475					/	4885.212	*	365 / 4
=	60.74

Enbridge Days Payable Related Terms

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Enbridge (Enbridge) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enbridge Inc (NYSE:ENB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

Address

425 - 1st Street S.W., Suite 200, Calgary, AB, CAN, T2P 3L8

Website

https://www.enbridge.com

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.

Executives

Albert Monaco	director, officer: See Remarks	#3000, 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Mark A. Maki	officer: See remarks	425 - 1ST STREET S.W., CALGARY A0 T2P 3L8
Gruending Colin K	officer: See Remarks	75 DISCOVERY RIDGE PLACE SW, CALGARY A0 T3H 5G4
Laura Buss Sayavedra	officer: See Remarks	5400 WESTHEIMER COURT, HOUSTON TX 77056
William T. Yardley	officer: See Remarks	5400 WESTHEIMER COURT, HOUSTON TX 77056
Susan M Cunningham	director	NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Cynthia L Hansen	officer: See Remarks	500 CONSUMERS ROAD, NORTH YORK A6 M2J 1P8
Allen C Capps	officer: See Remarks	5400 WESTHEIMER COURT, HOUSTON TX 77056-5310
D Guy Jarvis	officer: See Remarks	3000, 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Teresa S Madden	director	414 NICOLLET MALL, MINNEAPOLIS MN 55401
Byron C Neiles	officer: See Remarks	3000, 425 1ST STREET SW, CALGARY A0 T2P 3L8
Robert R Rooney	officer: See Remarks
John K Whelen	officer: See Remarks	425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Vernon D Yu	officer: See Remarks	425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Dan C Tutcher	director	5400 WESTHEIMER COURT, HOUSTON TX 77056